Delivery Hero sees 100 million euro hit from making Spanish riders employees
Spain fined Glovo 79 million euros in 2022 for failing to contribute to social security and make other payments from 2018 to 2021 as it did not hire its delivery riders under formal contracts. Get the latest news and expert analysis about the state of the global economy with the Reuters Econ World newsletter. Sign up here.
Delivery Hero Shares Slump on Profit Hit From Move to Employment-Based Model for Delivery Riders in Spain
Shares in Delivery Hero plunged after the company said its Spanish subsidiary would implement an employment-based model in the country, a move expected to hit profits by around $106 million in fiscal 2025.
Delivery Hero SE (DHER – Research Report) received a Hold rating and a €42.00 price target from Citi analyst Monique Pollard today. The ...
Delivery Hero said on Monday that freelance riders at its Glovo unit in Spain will be hired as employees. "Glovo management ...
Delivery Hero’s Talabat priced its Dubai initial public offering at the top end of the previously announced range, implying a ...
Hauck & Aufhaeuser analyst Christian Salis maintained a Buy rating on Delivery Hero SE (DHER – Research Report) today and set a price ...
Thousands of delivery drivers in Spain working for the food delivery app Glovo will soon be full employees after the company ...
Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It ...
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